About the GEA

Green Economy Agreements seek to foster common rules and standards that promote trade and investment in green goods, services and technologies; develop interoperable policy frameworks to support the growth of new green growth sectors and capabilities; and catalyse technology development and cooperative projects in the emerging green economy.

A GEA could comprise Government-to-Government commitments and cooperative projects across modules, including:

  1. Green Economy Principles, which will guide international cooperation in the emerging global economy.

  2. Trade and Investment, which will support efforts to reduce tariff and non-tariff barriers with lists of over 350 and 150 environmental goods and services respectively.

  3. Standards and Conformance, which will reduce compliance costs for exporters with alignment of standards and technical regulations.

  4. Clean Energy, Decarbonisation, and Technology, which will enhance cooperation in cross-border electricity trade, sustainable shipping, and aviation.

  5. Green and Transition Finance, which will align sustainable finance policies to mobilise private capital into green and transition projects.

  6. Carbon Markets, which will support the development of compatible and credible international carbon markets with high standards of social and environmental integrity.

  7. Green Skills and Capabilities, which will prepare a workforce that is skilled and ready for new and emerging green occupations.

  8. Engagements & Partnerships, which will catalyse business and technology partnerships to facilitate greater two-way commerce and investment opportunities in green growth sectors.

GEAs are negotiated by the Ministry of Trade and Industry.